Royce Total Return's new lead manager is sowing fresh rigor in the strategy's process, but its Morningstar Analyst Rating stays Neutral until the shifts take root.
Will RTRRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RTRRX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the RTRRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of RTRRX’s parent organization’s priorities and whether they’re in line with investors’ interests.